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Trade Idea Update: GBP/USD - Sell at 1.4685

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 8, 2016.

  1. Lily

    Lily Forum Member

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    Cable's rebound after falling to 1.4533 yesterday suggests consolidation above this level would be seen and recovery to 1.4650-55 (38.2% Fibonacci retracement of 1.4849-1.4533) is likely, however, reckon 1.4682 resistance would limit upside and bring another decline later. Below 1.4555-65 would bring retest of 1.4533, break there would extend recent decline towards 1.4500.[​IMG]

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